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20121202
20121210
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the fiscal cliff crisis. they will also meet with john boehner. boehner counter proposal yesterday. $600 billion in cuts in entitlement and $250 billion in changes in way the government changes inflation that would impact social security. let me bring in the national journal from the editor. good morning. i want to talk to you about this republican proposal saying republicans in congress want to get serious about asking the wealthiest to pay slightly higher tax rates. we won't be able to achieve a significant balanced approach to the deficit. it does have some revenue in it, even though it's not from tax increases. so what does this opening offer say about where we are in these negotiations? >> well, it seems very difficult to imagine that we're going to be getting to a deal that will handle everything that needs to be addressed before the end of the year. i think the first main thing that needs to be addressed is the question of the tax cuts expiring. and for the obama administration, the question is, is it in their interest to trade tax cuts for the wealthy? increase for the wealthy fo
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